WARREN, N.J., Aug. 29 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. , a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets, has announced that its President and CEO, Dr. Bami Bastani, and its Executive Vice President and Chief Financial Officer, Tom Shields, will open trading at the NASDAQ in New York on Friday, August 31st at 9:30 a.m.
"ANADIGICS, with its leadership technology position and its marquee customer list, is capitalizing on the rapidly growing voice, data and video segments of the broadband wireless and wireline communication markets," said Dr. Bami Bastani, President and CEO of ANADIGICS, Inc. "The opportunity to open trading at the NASDAQ which represents such a wide range of high-tech companies is a great honor for ANADIGICS."
ANADIGICS posted record revenue in second quarter of 2007, achieving its tenth consecutive quarter of revenue growth and gross margin expansion. Moreover, it provided guidance for a sequential growth of 10% for its fiscal third quarter 2007. The event follows the recent announcement by ANADIGICS that the company broke ground for the construction of a new state-of-the-art 6" gallium arsenide (GaAs) integrated circuit (IC) wafer fabrication facility (fab) in the Kunshan New and Hi-Tech Industrial Development Zone (KSND) in the city of Kunshan in the Jiangsu Province in China in order to support growth beyond its primary wafer fabrication located in Warren, NJ.
For more information on ANADIGICS, visit the Company's Web site at http://www.anadigics.com/.
About ANADIGICS, Inc.
ANADIGICS, Inc. is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. The Company's products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules.
Safe Harbor Statement
Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the U.S. Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2006.
